PC Jeweller L News

India's corporate earnings had a weak start in the first quarter of fiscal year 2025, with subdued revenues and negative profit growth. Despite this, ten companies, such as ASM Technologies and PC Jewellers, returned to profitability. Analysts recommend a careful, stock-specific approach due to elevated valuation risks in mid and small-cap sectors.

Newspaper Publication dated August 15, 2024

Approval of One Time Settlement proposal by IDBI Bank Limited

Results presentation Q1 FY2025

Financial results for the quarter ended June 30, 2024

Details of Voting Results & Scrutinizer''s Report

Summary of proceedings of the Extra-Ordinary General Meeting of the Company held on August 8, 2024 at 11:00 A.M. through VC / OAVM

Acceptance of One Time Settlement proposal by Indian Bank

PC JEWELLER LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 14/08/2024 ,inter alia, to consider and approve the un-audited standalone and consolidated financial results for the quarter ended June 30, 2024.

Acceptance of One Time Settlement proposal by IDFC First Bank Limited

Sanction of OTS by Indian Overseas Bank

Sanction of OTS by Indian Overseas Bank

Corrigendum to the Notice of the Extra-Ordinary General Meeting to be held on August 8, 2024

Corrigendum to the Notice of the Extra-Ordinary General Meeting to be held on August 8, 2024

Outcome of the Board Meeting held on July 29, 2024

Gold prices have plummeted by 7% in local markets following a government cut on basic custom duty. The move is expected to boost investment in gold as a commodity and financial asset. Analysts believe the duty reduction will curb smuggling and drive growth in the organized jewelry sector. Market experts anticipate stability in prices with factors like US interest rates and political outcomes.

Approval of One Time Settlement Proposal by Canara Bank

In this year's Union Budget, the Indian jewellery industry sought a reduction in gold import duty, along with a 0.5% concession on imports through the India International Bullion Exchange. Additionally, the industry requested permission to export through IIBX and for all gold imports to be exclusively channelled through this exchange.

PC Jeweller has reached a one-time settlement (OTS) with a consortium of lenders led by State Bank of India (SBI) to settle its debt by offering banks a mix of cash and equity in the Delhi-based company. The ₹2,250-crore offer represents a 20% haircut to lenders' principal amount and 64% recovery of total dues, including interest of ₹3,500 crore.

Approval of One Time Settlement proposal by Bank of Baroda

Newspaper publications dated July 18, 2024

An Extra-Ordinary General meeting of Members of the Company will be held on Thursday, August 8, 2024 at 11:00 A.M. (IST) through VC / OAVM.

Corrigendum to the ''Outcome of the Board Meeting held on July 13, 2024''

Newspaper publications dated July 16, 2024

Acceptance of ''One Time Settlement'' proposal by IndusInd Bank Limited

PC Jeweller Ltd plans to raise up to Rs 2,705 crore by issuing warrants on a preferential basis to promoters and investors, mainly to settle bank loans and for working capital requirements. Promoters will infuse around Rs 850 crore into the company by subscribing to warrants issued by the company.

1. RAISING OF FUNDS UP TO ? 2705,14,48,500 BY PREFERENTIAL ISSUE OF FULLY CONVERTIBLE WARRANTS2. APPOINTMENT OF CREDIT RATING AGENCY3. MEMBERS' APPROVAL TO PREFERENTIAL ISSUE IN EXTRA-ORDINARY GENERAL MEETING

PC JEWELLER LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 13/07/2024 ,inter alia, to consider and approve raising of funds by way of preferential issue subject to necessary regulatory, statutory and other approval(s), if any, and determination of issue price.

Sensex and Nifty ended flat. Tata Motors rose 0.93%, gaining 182%, supported by averages and EPS, and in accumulation phase. Avoid Adani Wilmar despite its 1.92% rise. PC Jewellers jumped 10%, rebounding off the 50-day average and hitting strong RSI levels. Target for Tata Motors is 1170. Recommendations for these stocks vary.

Profit-taking, weak Asia cues drag markets lower. ITC, RIL gains were not enough to counter HDFC Bank, Titan drag. In sectoral performance, Nifty Bank, Auto, Media, Metal, Pharma, Realty, and Consumer Durables ended lower, while Nifty FMCG, IT, and Oil & Gas closed higher. Among individual stocks, PC Jeweller surged to lock in the 10% upper circuit after receiving approval from Punjab National Bank (PNB) for a one-time settlement of its outstanding dues.

PC Jewellers' shares surged 10% to Rs 56.2 in Monday's BSE trade following approval from PNB for a one-time settlement of its dues. The OTS terms include cash and equity components, release of securities, and mortgaged properties. However, specific details regarding outstanding dues with other banks and OTS specifics were not disclosed.

Markets uptrend; focus stocks: Nykaa, Adani Wilmar, Titan, Bandhan Bank, IndusInd Bank, Marico, Dabur, BigBloc Construction, Tinna Rubber and Infra, ASM Technologies. Punjab & Sind Bank to open 100 branches. PC Jeweller’s settlement approved. Tata Motors 5% growth. Union Bank and Bank of Baroda growth. AB Capital COO retires. Nykaa 22-23% revenue growth. Adani Wilmar 13% volume growth.

PC Jeweller Ltd announced on Sunday that Punjab National Bank has approved a one-time settlement for its outstanding dues. The approval was detailed in a regulatory filing by the company. "Punjab National Bank, the third largest bank after State Bank of India amongst consortium banks of the company in terms of its exposure, has conveyed its approval to the One Time Settlement (OTS) proposal submitted by the company."

Approval of One Time Settlement proposal by Punjab National Bank

Approval of One Time Settlement offer by Union Bank of India

Newspaper Publication

Results Presentation

Financial results for quarter and year ended March 31, 2024

Annual Secretarial Compliance Report

PC JEWELLER LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 30/05/2024 ,inter alia, to consider and approve the audited standalone and consolidated financial results of the Company for the quarter and year ended March 31, 2024.